TOKYO (AP) — Japanese were urged Tuesday to conserve energy as the government warned of potential blackouts in the Tokyo region due to a shortfall in power generation after several coal-fired plants temporarily stopped generating electricity following an earthquake last week. The rare alert Tuesday came as people were using more heat than usual due…
By Lisa Pauline Mattackal and Bansari Mayur Kamdar (Reuters) – Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the primary aim of masking the identity of users and details of transactions, has quietly been gaining…
(Reuters) -Canadian Pacific Railway and union Teamsters Canada Rail Conference have agreed to a binding arbitration over a labour dispute, allowing for operations to resume from Tuesday at the country’s second-largest railroad. CP halted operations and locked its workers out early on Sunday, with each side blaming the other for a halt that could have…
TOKYO (AP) — Asian shares rose Wednesday, following a rally on Wall Street led by technology companies, although investors remain concerned about the war in Ukraine and inflation. Benchmarks were higher across the Asian region, despite worries about rising energy costs. Oil prices rose, while the dollar gained against the Japanese yen. Investors were also…
By Nick Carey and Christoph Steitz WOERT, Germany (Reuters) – The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand. It makes the connectors that link miles of cables in cars to all things…
ORLANDO, Fla. (AP) — Even though only a small percentage of Walt Disney Co. workers participated in a walkout Tuesday, organizers felt they had won a moral victory with the company issuing a statement denouncing the anti-LGBTQ legislation that sparked employee outrage. Throughout the day, pockets of employees staged demonstrations at various sites across the…
By Xie Yu HONG KONG (Reuters) – Gains in banks, energy and mining stocks lifted Asian equities a little higher on Tuesday as investors braced for aggressive U.S. rate hikes and war disrupting oil supplies. Oil futures rose nearly 3% to a two-week high in Asia. The yen fell through the key 120 level against…
BEIJING (AP) — Alibaba Group, the world’s biggest e-commerce company, increased a share buyback to $25 billion from $15 billion on Tuesday to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries by launching regulatory crackdowns. The increase is a “sign of…
(Reuters) -Alibaba raised its share buyback programme to $25 billion on Tuesday, the largest ever repurchase plan by the e-commerce giant, to prop up its battered shares as it fights off regulatory scrutiny and concerns about slowing growth. The plan comes amid a tech stock rally in the past few days after Chinese Vice Premier…
By Asha Sistla (Reuters) – Gold prices held steady on Tuesday as U.S. Treasury yields hit multi-year highs following an aggressive inflation stance by the Federal Reserve chairman, while an intensifying conflict between Russia and Ukraine supported bids for the safe-haven metal. Spot gold was flat at $1,936.82 per ounce by 0347 GMT. U.S. gold…
